Friday 9 June 2017

Friday troubles?

US equity indexes closed moderately mixed, sp +0.6pts at 2433 (intra high 2439). The two leaders - Trans/R2K, settled u/c and +1.3% respectively. VIX settled -2.2% at 10.16. Near term outlook offers a significant Friday washout.




It was a day of minor chop for the equity bulls, but with notable new historic highs in the Dow and Nasdaq comp'.

Short term price structure (hourly cycle, not shown) is offering a baby bear flag. That was actually provisionally confirmed in the 2pm hour. In theory, a washout to the 2410/00 zone, is on the menu for Friday.

Here in the metropolis...

Moody election day skies

As at 10.02pm UK.... 5.02pm EST, the initial exit poll suggest...

This would see May seeing her party lose an outright majority. It would be a near total disaster for the conservative party, resulting in a hung parliament. If correct, May should resign... and another election would likely be called within 6-12 months.

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Extra charts in AH @

Goodnight from London